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. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> in some parts of the u.s., kids are already back to school. in other parts, the first dizz are right around the corner. can retailers count on their back-to-school sales to boost revenues? 30 of them reporting this week. joining us with the pulse of the consumer is joel oldein from at kerney. we had a terrible spout of earnings last week from a number of retailers. macy's missing for the first time in 25 quarters. walmart not looking good as well. what's going on with retailers, and as we look at this week, where we look for earnings from them, are we going to see a lot of bad news? >> it's interesting this year. we're coming off a record 2012 back-to-school season. so expectations were pretty high. a lot of positive indications when we look at emp
. earnings front, ralph lauren, time warner, and wendy's. one of the hottest restaurant stocks in america over the past year. we also have aol ceo tim armstrong 7:00 eastern time and after the bell look for groupon, mondelez, and the hotly watched tesla. also one not listed there, but one of my favorite economic surveys, the jolt survey. job opening and labor turnover. doesn't get as much attention as the adp, but i like to look at the people who leave their jobs voluntarily. if you quit your job, that means you have optimism you can find another job, generally, not in every case. i like to look at that. how many jobs are open and how many people feel confident enough in the economy and the job market that they can bail. >> there is an economist who looks at that and says that's one of the most important numbers they watch too. >> i've been banging the drum. i haven't gotten any traction. national effort to try to highlight -- >> i think you have a partner, i think that's one of the most important numbers too. it is a good number to watch. that's coming out at 10:00. >> corporate news thi
. the financial times reporting also that bank of america was the only other bank to avoid a down day in the first quarter of the year. >> amc networks trades under amcx. that's the symbol. >> independent company. good for them. a little news on nelson peltz this morning. a july 31st investor letter, obtained by cnbc, shows that trian partners on shore funds return eed 11.8% year to date, that's up .4% in the second quarter. the fund says the second quarter performance was like a duck on the surface but paddling furiously underneath. also talks about how the firm completed a raise in june for an undisclosed investment, delivering alpha last month, we reported the trian took a stake in dupont. unclear if that's the same investment that they're referring to as sort of mystery investment. but our own manit hoja obtaining these letters from all the hedge funds. >> what is funny about the letters is they're all touting returns up 12%, up 13%. the dow is up 18%. the dow doesn't take 2 and 20. the dow can be had at the low cost index fund for 25 basis points. these guys are all -- most of them are under
now. one credit union in raleigh has eliminated tellers at its 15 branchs. bank of america has begun installing atms with tell r assist that allows the machines to do 80% to 90% of what a teller inside the branch can. i don't know. maybe they can't count your change for you. short of that, they may be able to take over a lot of the responsibilities. >> this just means you're not going to see any humans anymore. the other problem they're going to be sitting at some call center somewhere. >> i was thinking do it from home. think about the cost side of banks. right? if you're a bank you got a teller in, say, a philadelphia branch. now you can employee three or four remote workers in their home in north dakota. >> skype in. >> exactly. pay for their high speed internet at home. pay them half what you're going to pay the teller somewhere else. it's just sort of another downgrade in wages unfortunately, i think. >> an interesting take. >>> gentlemen, this story caught my eye this morning. rich are saving cash at a record pace. check out robert frank's piece on cnbc.com. it finds those maki
tepper's appaloosa increased his stakes in citigroup, bank of america and good year. he's now the largest shareholder in gt. he's taken new stakes in carnival, hertz and chicago bridge and iron. steve? >>> time for the global markets report. carolin roth is standing by in london. i want to hear what she has to say. does it feel like the recession is over over there? are you partying? are you out in the street? what's going on? >> we're not popping the champagne bottles just yet. but you can definitely feel that europe is turning a corner and you know what, germany has been leading the way higher, second quarter gdp beating expect takings up by 0.7%. friends also doing extraordinary well up by 0.5% in the second quarter. this is in fact, the strongest quarterly growth in two years. overall, the eurozone gdp numbers up by 0.3%, that also a tad better than forecast. looking at the market reaction, though, that's an interesting one because we did see markets being pretty much flat throughout the session. now they have just been turning higher over the last couple of minutes. we hit a session
are home to large hubs for america and us airways. >> how do you feel? >> it reminds me of the sirius xm messing around. even with at&t, t-mobile, i thought that was stupid. this one, do you think they should get together? >> i always thought this would happen, i feel sort of like, you know, the barn door already has swung open. a little late now. >> i wonder whether leaving them out there means they just fall apart and die or they actually, if they were together, this he create -- >> you know the key stuff they give out, the combined airline would control a huge percentage of flights out of ronald reagan airport. the bure cat bureaucrats were . >> they didn't use that antiquated whatever it is, that rule, that they use with at&t and t-mobile. >> 4 to 3, 3 to 2. >> no, the name. the highsenburg principle of uncertainty. >> you're watching too much "breaking bad". >> no, no, no. i only know -- don't do that to me. i only saw him call himself highsenburg once. is that his name with two-call? >> the fact you're still talking about it means you have not seen enough. >> right. >> you were fi
outperforming, kpn, america movil, carlos slim, $9.6 billion bid for the rest of kpn that it doesn't already own. challenging a rival offer for kpn's german business. telefonica last month made an $11 billion bid for kpn's crown jewel, which is the german business e-plus. and that cast doubt over america movil's expensive on paper currently loss-making investments in kpn, which they made last year. so the stock of kpn up 16%, but really it is about carlos slim wanting to get his hands on germany's e-plus. and some say it is also a sense here he could wait it out, you can get the stock cheap right now and wait three or four or five years and the macro environment in europe will turn around as well. talking about macro environment, quick look for you where we stand with debt prices. we're going to start a major privatization plan later in the year. yields pretty contained, still very low, 4.2%, ecb doing its job. that's where we stand in europe. back to you. >> have a great weekend, sir. we'll see you next week. >> thank you very much, becky. >>> we're keeping an eye on currencies this morning. th
to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> welcome back to "squawk box." hewlett-packard's quarterly results due out later today. the question will be will the pc giant see improvements this quarter? brian marshall works for isi group. good morning to you. we talk about a pc maker probably unfair given the two biggest segments of the service business and the printer and ink cartridge business and then we spend all this time, you know, talking about the demise of the pc. how much should we be focused on the demise of the pc? >> a lot. it is declining double digits year over year. pcs and printing represent half of hewletthewlett-packard. that's a problem for them going forward. we need to be acutely focused on it. >> if there were top two things, when the press release hi
higher for the remainder of the year. and, again, in 2014, we'll talk to the ceo of america's natural gas alliance. and next, as we head to break, a look at july's best and worst-performing dow components. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart edge. tdd#: 1-800-345-2550 we put it in the cloud so you can use it on the web. tdd#: 1-800-345-2550 and trade with our most advanced tools tdd#: 1-800-345-2550 on whatever computer you're on. tdd#: 1-800-345-2550 also, get a dedicated team of schwab trading specialists tdd#: 1-800-345-2550 who will help you customize your platform tdd#: 1-800-345-2550 even from the comfort of your home. tdd#: 1-800-345-2550 and talk about ideas and
financial crisis like the crisis that occurred in america in 2008. >> reporter: with china now in one of the biggest credit booms in modern history. and international banks value the shadow banking industry, guys, at $6 trillion. that's about 80% of china's gdp. >> eunice, that was go to be my first question, how big the shadow banking industry is, but your last guest said $6 trillion. that is unbelievable. when was the first time this started being -- >> that's right. well, they're all estimates out there. one of the points a lot of people make is that it is so big, so unruly, and such an important part now of the chinese economy that any effort to try to really clamp down on shadow banking could have potentially harmful effects on the economy, it could trigger bankruptcies here, of companies and also have harmful effects on the overall financial industry. that's one of the reasons why a lot of people say the government authorities really are playing a very delicate game here and it is probably another reason why we haven't seen significant moves to try to clamp down and rein in the
. bank of america and citigroup are being evaluated in their words with the direction uncertain -- already sort of -- >> see what is interesting there, right? the stronger the banks, the stronger banks are being downgraded because s&p says, oh, it all falls apart, they won't get it. >> glad you did find something interesting. that's good. you found the interesting thing about it. thank you. a few after the bell movers to talk about. gap reporting second quarter results that were in line with wall street estimates. retailer also raised its full year earnings guidance, based on strength in its cargo pants division and hiked its dividend. in a different story at aeropostale, the teen retailer posting a bigger than expected loss and warning announced it will speed up store closings. watch the shares if you would or i'm asking you nicely, i'm not telling you, to watch the shares. if you want to, fine. if you don't, don't. pandora media, the stock tumbled in late trading after the online radio company issued disappointing guidance. one of these days i'll look into what that does.e yea
. >> and what happens if this deal doesn't take place? what happens to america? how long does it take for them to get out of bankruptcy? >> this resets the clock for them by probably at least 7 or 8 months and probably more like a year to get out of bankruptcy and the stand alone plan. >> what does that mean for the customer? while america is in -- is there any distinction or difference between them being in bankruptcy and not being in bankruptcy if you're a customer? do you care? >> you don't. if you ask customers, they wouldn't know that america was in bankruptcy. >> right now, right. >> what america has done, while in bankruptcy, has been very good for the airline and very good for the employees and very good for customers. >> so tom horton, did he mack a mistake by trying to do this deal while still in bankruptcy? >> i don't think it was a mistake. he didn't go in trying to do this. it was sort of forced upon him by labor and creditors. the mistake may have come from the usair side where they were too cavalier about getting doj approval. >> what happens if this deal doesn't happen? >> usai
it is america's business, though, that's the thing. >> there are -- well, i think there are actual laws that say that you know, these weapons are illegal, that you could even call them a crime against humanity. that's what the u.n. secretary general described. if we don't stop now what happens in three weeks or a year or in six months according to the remembers say we're going to have another gas attack and not 1,500 or several hundred depending on whose numbers you believe killed in this attack but could be 10 or 15 thousand. use the same argument? >> we've seen this movie before, appeasement isn't usually the best way to go. in world war ii -- so many. >> you want to know what the best -- you know what the best outcome is for the united states perspective, it's costly. it's difficult and hard and its chances of success are not guaranteed. it would be a bombing campaign, full support for the faction that we like, which is the presyrian army, helping them get into power, and negotiated settlement. but that is not a strike. that is a concerted strategy. i'm not sure the united states is going dow
pointing higher as well. big losses for kpn today. america movil threatening to withdraw the bid for the company, the stock is down 4% at the moment. the threat to withdraw comes after kpn's foundation has taken up an option to buy nearly 50% of the company. the foundation says it intervened to protect the interests of employees, customers and dutch society as well. the foundation will have to re-adjust their position. zurich financial hit in the last previous two sessions, rebounded 1.4% higher. back to you. >> thank you for that report and thank you for helping us try to understand what the whole zurich story was all about. >>> coming up, attention road warriors. could skyping in 3-d soon mean, my goodness, taking business immediating e i meetings without having to leave your office. first, a look at the weekend forecast with the weather channel's jill martin. >> we have a lot of heat as we enter the labor holiday weekend, bubbling up from the south, all the way to the midwest. look at this. today, we're looking at temperatures in chicago topping out around 94 degrees. the aver
by 3.4%. it was hit by natural catastrophes, bad weather essentially, in north america. but also in europe. net profit missing expectations for the second quarter, and companies also pretty cautious about its outlook. last but not least, i want to show you what is happening in the currency space. sterling dollar at a two-month high, sitting at 155.78. getting closer and closer to that 156 level. this is on the back of better -- much stronger than expected retail sales for the month of july. certainly benefitting from that heat wave we have been seeing in the uk. euro dollar pretty resilient at 132.82, back below the 133 level. and dollar yen seeing a little bit of softness at 98.07. this is because the finance minister in japan pretty much quashed hopes of that cut in the corporate tax rate and this is what the markets had been hoping for. so we are seeing some yen strength. and on the back of that, we are seeing declines, pretty big ones, actually, in the nikkei 225. back over to you guys. >> thanks very much, carolin. becky, are you still looking? >> looking for some of these.
, alaskan airlines, frontier, virgin america, quantitious and british airways. and sabre is the system that does all those. you never know what happens behind the moving pieces. if you have something coming up today, make sure you call ahead and check the airport. that's your executive edge. now time to slip in a quick break. we'll talk about opportunities in emerging markets and investment opportunities there. plus, in squawk sports news, alex rodriguez returning to the field yesterday as he appeal his suspension by the mlb. the average ticket price increased by 17% in the last day. right now, a look at yesterday's winners and losers. oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at aflac.
's perfect. he's 92, buying a ford. that's perfect. >> ford f-150, the best-selling truck in america and a small businessman that has optimism about the future. give all of us a lot of inspiration. >> like the construction industry. >> 92 is the new 60. >> i agree. we're using a lot of those metaphors. why do we keep doing that? >> we're all getting old, that's why. >> when is your birthday in. >> we think the same way, joe. i'm still in february. 921 inspiration for me. >> all right. i saw the stock, that's a new high, right? new all time high. and i don't know, by accident i hit a monthly chart, just to make myself absolutely sick, because i'm talking about going back to a couple of years ago, do you remember the low, mike? you probably do, you were there. >> of course i do. in '08, '09, absolute depression in the auto industry. >> it was 4, right? >> the stock went down to $4 and something. i think at the time, the performance of the company through the auto depression, demonstrated the strength of our operating model and how we could perform, and on an operating basis we never lo
. that is the precursor to what is today macy's. >>> america's farming industry going through a major transition and that could open up bigger opportunities for individuals to invest in farm land. here now to tell us about the risks and rewards about farm land investing is john taylor, at u.s. trust. thank you for coming in today. >> thank you for having me. >> we should set the stage a little bit for why we're at this position. why you might need investors to come in to what used to be family farms. a lot more expensive to be a family farmer and have to be able to have a much bigger land parcel, correct? >> that's right. if you look at the most recent usda report, based on the census they did in 2007, you have farmers who are 65 and older and another 32% 55 and 65, so you kind of add it all up. >> 65% of the farmers. >> 65% of farmers are 5 ye5 yea and older. that's in transition over the next 10, 15 years. you need the next generation of america's farmers on the land. >> is it tougher to get younger people these days to do this? >> in a lot of ways, kids went off to college and they may have g
's happening. >> right? it's happening in america. a sad commentary. >> you know what, i saw it on andrew's face. >> depressing. >> why? we have al accomplished so much. >> depressing. >> look at the deficit reduction ha has occurred over the last three years. take it forward. it's 4 trillion over ten years. 4 trillion over ten years. >> you like it. jimmy likes it. yoep i don't understand it. >> the process is ugly. at the end of the day, we actually accomplished something. >> it's good, jimmy? >> 1.4 trillion when bush left office? today 643 billion. that's the number. >> is that good? i think it's fantastic. we should get below 500 billion. should put us where we were before the bush -- >> joe. >> i don't think the white house nodes to unsettle markets any more than they are unsettled. lock at the economy,ist very weak. a lot of underlying weak inside in the economy. why do we need this? there ought to be a negotiation, a discussion. we ought to have a chance to avoid the disaster let's go back to two years ago, i was luxuriously sitting on nan tuvenlth i had to leave to fly back to ne
develop it. they bought it. $300 million gets you $10 billion. >> awesome. >> welcome to america. >>> now to the markets. and the week ahead. director of fx strategy at bks management and bob ruska is fao economics chief economist. bob, i used to worry that, you know, everything's supposed to just go perfectly according to schedule for the fed to start tapering. and helle is going to be on saying we're going from three years to 3%. you're not sure it's a slam dunk that things keep improving. you think housing looks weak and there's other numbers that aren't cooperating with the fed in terms of showing that we're getting above stall speed. >> the backtrack and new home sales last week was unexpected. it was severe. and it was widespread. and, of course, because new home sales are listed at the time you sign the contract, whereas existing home sales don't get posted until after you close the deal, you see the impact of interest rates and new home sales -- >> you already see it. >> and so yeah. you saw this big decline. and you also saw that average home prices continue to go up or median ho
Search Results 0 to 19 of about 20